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Submitted by sherif Hamdy on
Thee posted question I agree, is very general; are we talking about SOBs in advanced and mature economies and financial systems for instance in the US or are we talking about SOBs in emerging markets or developing economies? The answer will likely differ, because the SOBs may be the only capable institutions to undertake macro policy functions. May be the role of SOBs has an inverted proportional role to the maturity of the financial markets.